TIBCO Software

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TIBCO Software Inc.
Company type
Subsidiary
Nasdaq: TIBX
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HeadquartersStanford Research Park
Palo Alto, California, U.S.
Key people
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ProductsBusiness intelligence tools
Data visualization tools
Analytics tools
Big data tools
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ParentCloud Software Group
Websitewww.tibco.com

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TIBCO at AWS re:Invent

TIBCO Software Inc. is a business unit of Cloud Software Group that provides enterprise software. It has headquarters in Palo Alto and offices in North America, Europe, Asia, the Middle East, Africa and South America.[1]

History

TIBCO (The Information Bus Company) was founded in 1997 by Vivek Ranadivé as a subsidiary of Reuters Holdings.[2] Ranadivé originally developed the information bus software at his previous company, Teknekron Software Systems, which he sold to Reuters for $125 million in 1994.[3] TIBCO's software allowed companies to receive and respond to information in real time.[4] Later in 1997, the company became one of 13 to partner with Microsoft in the development of push technology.[5] Its software products which primarily served the financial sector helping automation of financial transactions processing during the company's early beginnings, had evolved to be used in energy, semiconductor manufacturing, and other industries, by 1999.[6][3] The company held an initial public offering (IPO) of stock on July 14, 1999. The company said it raised $109.5 million from its IPO.[7]

In 2000, Yahoo! introduced Corporate Yahoo, a platform developed with TIBCO Software that allowed companies to bundle services including email, calendars, and news into enterprise portals. The company partnered with Hewlett-Packard, WebEx, and Citrix Systems on its development.[8][9] The company survived the dot-com bubble burst and was listed among USA Today's e-Consumer and e-Business index of 50 technology companies that remained relevant in 2001 following the boom.[10] By the spring of 2001, TIBCO had a market capitalization of $2 billion.[11]

By 2011, the company's annual revenues had grown to $920 million, its customer base to 4,000, and its number of employees to 2,500.[12][13][14] TIBCO was acquired by Vista Equity Partners for $4.2 billion in December 2014. Murray Rode replaced Ranadivé as chief executive officer (CEO) following the acquisition.[15] In 2019, Rode became vice chairman of the company and Dan Streetman succeeded him as CEO.[16][17]

TIBCO acquired data and analytics company Information Builders for an undisclosed sum in January 2021.[18] In September 2022, Vista and Elliott Investment Management acquired Florida-based Citrix Systems for $16.5 billion and merged the company with TIBCO, forming Cloud Software Group.[19] Tom Krause was named CEO of the new company.[20]

Products

TIBCO Software provides enterprise application integration, data integration, messaging, event processing, data virtualization, master data management, API management, and business process automation capabilities.[21]

Acquisitions

The company has made several acquisitions. In 2007, it acquired Spotfire, a business intelligence software company.[22] The company also acquired security management platform LogLogic,[23] business software provider JasperSoft,[24] and streaming data analytics firm StreamBase Systems.[25]

Other acquisitions include:

  • In 1997, it acquired inCommon, a push software company.[26]
  • In 1999, it acquired InConcert, a telecommunication workflow company.[27]
  • In 2000, it acquired Extensibility, an XML technology company.[28]
  • In 2009, it acquired DataSynapse, a cloud computing infrastructure company.[29]
  • On March 25, 2010, the company acquired Netrics, a privately held provider of enterprise data matching software products.[30]
  • On April 20, 2010, it acquired Kabira Technologies Inc., a privately held provider of in-memory transaction-processing software.[31]
  • On September 16, 2010, the company acquired Proginet (file transfer).[32]
  • On September 23, 2010, it acquired OpenSpirit, a provider of data and application integration for exploration and production of oil and gas.[33]
  • On December 8, 2010, the company acquired Loyalty Lab Inc., a privately held independent provider of loyalty management software.[34]
  • On August 30, 2011, it acquired Nimbus, a UK-headquartered provider of business process discovery and analysis applications.[35]
  • On March 25, 2013, it acquired Maporama Solutions, a privately held provider of location intelligence and geospatial analytics solutions.[36]
  • On September 18, 2013, it acquired Extended Results, a privately held provider of mobile business intelligence software.[37]
  • On August 25, 2015, it announced the acquisition of San Francisco-based Mashery, an API management solution from Intel.[38]
  • On May 15, 2017, it announced the acquisition of Statistica, a data science platform provider.[39]
  • On July 6, 2017, it announced the acquisition of Virginia-based nanoscale.io, a microservices development platform.[40]
  • On October 5, 2017, it announced the acquisition of Cisco's Data Virtualization business (formerly Composite Software).
  • In November 2017 it acquired Alpine Data Labs.[41]
  • On June 6, 2018, it announced the acquisition of integration platform-as-a-service leader Scribe Software.[42]
  • On December 4, 2018, it announced the acquisition of Paris-based Orchestra Networks, a Master Data Management leader.[43][44]
  • On March 7, 2019, it announced the acquisition of start-up SnappyData, a high-performance in-memory data platform.[45]

See also

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References

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  1. ^ Page Module:Citation/CS1/styles.css has no content.Moore, Connie (February 2006). "The Forrester Wave: Human-Centric Business Process Management Suites, Q1 200".
  2. ^ Page Module:Citation/CS1/styles.css has no content.Levine, Barry (September 29, 2014). "Tibco goes private for $4.3 billion". VentureBeat. Retrieved March 20, 2023.
  3. ^ a b Page Module:Citation/CS1/styles.css has no content.Riches, Sam (December 26, 2013). "This Man Wants to Make the NBA a Social Network — And Take It Global". Wired. Retrieved April 26, 2023.
  4. ^ Page Module:Citation/CS1/styles.css has no content.Roush, Wade (October 28, 2010). "The Second Advantage: Talking with TIBCO's Vivek Ranadivé". Xconomy. Archived from the original on June 21, 2021. Retrieved July 19, 2013.
  5. ^ Page Module:Citation/CS1/styles.css has no content.Swartz, Jon (May 22, 1997). "Big Boys Pushing Into Hot Technology / Microsoft, Netscape enter the fray". SFGATE. Retrieved March 20, 2023.
  6. ^ Page Module:Citation/CS1/styles.css has no content.Wingfield, Nick (March 18, 1999). "Tibco Software 'Pushes' Wares Beyond Its Wall Street Roots". The Wall Street Journal.
  7. ^ Page Module:Citation/CS1/styles.css has no content."Tibco Raises $109 Million". The New York Times. July 15, 1999. Retrieved March 20, 2023.
  8. ^ Page Module:Citation/CS1/styles.css has no content.Levermore-Rich, Adam (June 27, 2001). "Tapping into the need for speed". Palo Alto Weekly. Retrieved March 20, 2023.
  9. ^ Page Module:Citation/CS1/styles.css has no content."Daily Briefing: Yahoo to introduce corporate product". The Atlanta Journal-Constitution. June 27, 2000.
  10. ^ Krantz, Matt (January 3, 2002). "Internet 50 Survivors Rise from Dot-Com Debris". USA Today. Retrieved July 20, 2013.
  11. ^ Page Module:Citation/CS1/styles.css has no content.Anders, George (June 30, 2001). "Why " Real-Time" Business Takes Real Time". Fast Company. Retrieved March 20, 2023.
  12. ^ Page Module:Citation/CS1/styles.css has no content.Ciaccia, Chris (December 21, 2011). "Tibco Tops Wall Street Profit View by Nearly 20%". TheStreet. Arena Group. Retrieved March 20, 2023.
  13. ^ Page Module:Citation/CS1/styles.css has no content.Abramson, Ronna (March 18, 2004). "Tibco CEO Sets Big Goals". TheStreet. Arena Group. Retrieved March 20, 2023.
  14. ^ Page Module:Citation/CS1/styles.css has no content.McCracken, Jeffrey (January 25, 2012). "Tibco to Hire Rapidly as Economy Improves, CEO Ranadive Says". Bloomberg News. Retrieved March 20, 2023.
  15. ^ Page Module:Citation/CS1/styles.css has no content.Clancy, Heather (December 22, 2014). "Exit Interview: What's next for Tibco founder Vivek Ranadivé?". Fortune. Retrieved March 20, 2023.
  16. ^ Page Module:Citation/CS1/styles.css has no content."TIBCO Names Dan Streetman as Chief Executive Officer, Murray Rode as Vice Chairman". TIBCO (Press release). April 10, 2019.
  17. ^ Page Module:Citation/CS1/styles.css has no content.Ranjha, Ikrama Majeed (April 10, 2019). "Former BMC Software exec joins TIBCO as CEO". S&P Global.
  18. ^ Page Module:Citation/CS1/styles.css has no content.Vizard, Michael (January 6, 2021). "TIBCO closes its acquisition of IBI to advance data analytics". VentureBeat. Retrieved March 20, 2023.
  19. ^ Page Module:Citation/CS1/styles.css has no content."Cloud Software Group explained, with TIBCO and Citrix still very much in enterprise line of sight". diginomica.com. June 15, 2023. Retrieved January 9, 2024.
  20. ^ Page Module:Citation/CS1/styles.css has no content.Millward, Wade Tyler (September 30, 2022). "Citrix-Tibco Close $17B Deal, Uniting Virtualization And Enterprise Apps Vendors". CRN. Retrieved March 20, 2023.
  21. ^ Page Module:Citation/CS1/styles.css has no content.Kerner, Sean Michael (March 14, 2023). "Tibco scales data analytics and visualization with an eye on AI". VentureBeat. Retrieved April 13, 2023.
  22. ^ Page Module:Citation/CS1/styles.css has no content.Marshall, Matt (May 2, 2007). "Tibco to buy business intelligence software co., Spotfire, for $195M". VentureBeat. Retrieved June 21, 2023.
  23. ^ Page Module:Citation/CS1/styles.css has no content.Savitz, Eric (April 13, 2012). "Tibco Buys LogLogic For $130M". Forbes. Retrieved June 21, 2023.
  24. ^ Page Module:Citation/CS1/styles.css has no content.Kell, John (April 28, 2014). "Tibco Pays About $185M to Acquire Jaspersoft". The Wall Street Journal. Retrieved June 21, 2023.
  25. ^ Page Module:Citation/CS1/styles.css has no content.Farr, Christina (June 11, 2013). "Tibco acquires Streambase to bring real-time analytics tech to Wall Street". VentureBeat. Retrieved June 21, 2023.
  26. ^ Page Module:Citation/CS1/styles.css has no content."TIBCO Acquires inCommon; Content Delivery and Management Technology to be Integrated Into TIBCO's Information Bus Products. - Free Online Library". www.thefreelibrary.com. Archived from the original on April 22, 2019. Retrieved January 30, 2019.
  27. ^ Page Module:Citation/CS1/styles.css has no content."Tibco Buying Xerox's Inconcert Unit for $34 Million". NY Times. October 1, 1999.
  28. ^ Page Module:Citation/CS1/styles.css has no content.NewsShark (August 3, 2000). "Tibco Announces Acquisition of Extensibility". The Gilbane Advisor. Retrieved January 2, 2025.
  29. ^ [1]
  30. ^ Page Module:Citation/CS1/styles.css has no content."TIBCO Software acquires Netrics". idm. March 31, 2010. Retrieved January 15, 2024.
  31. ^ "TIBCO Software SEC Filing 10Q".
  32. ^ Page Module:Citation/CS1/styles.css has no content."TIBCO Completes Acquisition of Proginet Corporation" (Press release). September 16, 2010. Archived from the original on June 23, 2019 – via Reuters.
  33. ^ Page Module:Citation/CS1/styles.css has no content."Tibco Software acquires OpenSpirit". www.bizjournals.com. Retrieved January 15, 2024.
  34. ^ Page Module:Citation/CS1/styles.css has no content."TIBCO Software Acquires Loyalty Lab". Archived from the original on December 20, 2013. Retrieved December 5, 2013.
  35. ^ Page Module:Citation/CS1/styles.css has no content."TIBCO Software Acquires Nimbus Partners". Archived from the original on October 26, 2013. Retrieved December 5, 2013.
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  37. ^ "TIBCO Software Acquires Extended Results" Script error: No such module "webarchive".. TIBCO Software.
  38. ^ Page Module:Citation/CS1/styles.css has no content."TIBCO Software to Acquire API Management Leader Mashery". TIBCO Software Inc.
  39. ^ Page Module:Citation/CS1/styles.css has no content."TIBCO Software to Acquire Data Science Platform Leader Statistica | TIBCO Software". www.tibco.com. Retrieved May 18, 2017.
  40. ^ Page Module:Citation/CS1/styles.css has no content."TIBCO Bolsters Microservices Leadership with nanoscale.io Acquisition". TIBCO Software Inc.
  41. ^ Page Module:Citation/CS1/styles.css has no content."TIBCO Acquires Alpine Data to Bolster Data Science Technology". Database Trends and Applications. November 16, 2017. Retrieved January 15, 2024.
  42. ^ Page Module:Citation/CS1/styles.css has no content."TIBCO Buys Scribe Software to Expand Integration Products - CDP Institute". June 7, 2018. Retrieved January 2, 2025.
  43. ^ Page Module:Citation/CS1/styles.css has no content."TIBCO to buy data management firm Orchestra Networks: sources". reuters.com. December 4, 2018.
  44. ^ Page Module:Citation/CS1/styles.css has no content."Tibco's Orchestra acquisition will mean 'faster IT integration' | Computer Weekly". ComputerWeekly.com. Retrieved January 2, 2025.
  45. ^ Page Module:Citation/CS1/styles.css has no content.Walsh, Sue (April 11, 2019). "TIBCO Snaps Up SnappyData Data Platform". RTInsights. Retrieved January 2, 2025.
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